Dell has been sitting in the driver's seat for PC shipments
ever since the fourth quarter of 2003. That all changed during the third
quarter of this year as Hewlett-Packard eased
into the first place position. According to the latest figures from Gartner Dataquest, HP
saw its worldwide shipments climb by 15% to 9.65 million units. Dell, on the
other hand, saw its shipments rise by just under 4% to 9.54 million units.
"We are delighted to have reclaimed the number-one
share position in a period where we also achieved profitability and revenue
milestones," said HP executive CP Todd Bradley.
point to HP CEO Mark Hurd as the reason behind the company’s change of
fortune. Hurd took over for Carly Fiorina in 2005 and has made great strides
in trimming HP’s workforce, cuttings costs and boosting revenue.
Dell shares dropped by 6.19% to $23.17 today upon the
announcement of the news. Dell depends heavily on its US operations for PC
sales and a 7.1% slide in US shipments gave HP an opening. "The rate of
growth reflects our efforts to rebalance our execution in areas such as
pricing, growth outside the U.S. and improved customer experience," said a
spokeswoman for Dell.
An analyst for Banc of America Securities wasn’t so optimistic.
"If the company is unable to meet revenue estimates during a robust PC
demand environment, how will the company be able to meet expectations during a
weaker, slowing growth environment,” wrote Keith Bachman.
quote: Theyre not too far off either. Being that close, wouldnt take much to gain the lead. Its neck and neck.